Steelmaking raw material prices mixed through May

Steelmaking raw material prices have moved in different directions over the past month, according to SMU’s latest analysis.

Through May 23, prices for iron ore and pig iron slightly increased month on month (m/m), while zinc prices surged 10%. Busheling scrap prices were unchanged from April, while shredded scrap, coking coal, and aluminum prices all saw modest monthly declines. Raw material prices are flat to down compared to three months prior, aside from gains seen in zinc and aluminum.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.